The message Raghuram Rajan delivered
The new central bank governor means business and there will likely be a gale of fresh thinking at RBI
Raghuram Rajan has begun with a bang. The new governor of the Reserve Bank of India (RBI) has done well to present a clear plan for the future on his very first day on the job. His detailed statement dealt with many issues. Here is a quick guide to what some of it means.